2019 (2) TMI 1195

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....enue : Shri Amit Katoch, Sr.D.R. ORDER PER BHAVNESH SAINI, J.M. Both the appeals by Assessee are directed against the different Orders of the Ld. CIT(A)-IV, Delhi, Dated 24.11.2010, for the A.Y. 2007-2008 and dated 04.12.2012 for the A.Y. 2007-2008, challenging the levy of penalty under section 271(1)(c) of the I.T. Act, 1961. 2. We have heard the Learned Representatives of both the pa....

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....cordingly made the addition. The Ld. CIT(A) confirmed the addition. 6. The Learned Counsel for the Assessee referred to page-10 of the PB to show that out of the above amount, there is opening balance of Rs. 2,04,329/- as on 01.04.2006 and submitted that addition cannot be made accordingly. 7. After considering the rival submissions, we are of the view that the matter requires re-considerati....